| Good morning.
So here we are … April 15th … a day many will find quite taxing indeed (and in more ways than one) as thoughts move between corporate earnings and problems in the Middle East. For the moment, investors seem nervously calm … following Friday’s sharp drop … as stocks tiptoed into positive territory at the open.
But who can blame investors who feel they may have one foot on a banana peel … as any breaking news story (whether true or not) could drive swarms toward the exit.
If the situation overseas seems far from over, so does the battle against inflation which … so far … the Fed isn’t winning. A chart put out by MRB Partners … shared in Daily Shot … seems to say it all with the statement that inflation is “A Long Way from 2% and Heading in the Wrong Direction.” A jump-up in oil prices certainly won’t help.
The question is to what extent Americans will see effects at the pump. It is already claimed that many have dug into “extra savings” accumulated during the Covid years … and now the Federal Reserve Bank of Philadelphia reports that “an increasing percentage of Americans are making only the minimum payment on their credit card debt.
Even with all this, some have vacations on their minds … as Renty shared something I found quite interesting in pointing out “the most in-demand location for a luxury vacation.” Sorry, but Hawaii is number 2 … as the top destination is … Costa Rica!
I will share that I was thankful for one thing this Tax Day.
I had an HP printer in the past … and found it incredibly frustrating that the cartridges would need to be replaced quite often (even if I rarely used the printer) and, when I did, it was incredibly expensive.
A friend told me he had an Epson printer with something called an “Eco-Tank” and said he does a lot of printing, and it took 2 years for any ink replacement need.
I immediately ran to Costco … bought one … and have been quite happy ever since.
No, I don’t get paid for the testimonial but just thought I would share one happy realization as I painfully write out a check to the government.
On a final note, my sister phoned while I was writing this … just to say hello. We had a childhood that wasn’t easy as she was pretty demanding at times.
I remember the time she screamed at my parents for three days, saying that she wanted a pony.
She finally stopped once she got a little hoarse.
Have a great day,
Joseph G. Witthohn, CFA
Vice President
Emerald Asset Management PA, LLC
610 Freedom Business Center Drive
King of Prussia, PA 19406
cell: (856) 625-7915
wit@teamemerald.com
#vaccinatetosave
|
Call Us: +1 (800) 722-4123 
Back